{"id":17687,"date":"2018-12-21T07:03:20","date_gmt":"2018-12-21T07:03:20","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=17687"},"modified":"2018-12-21T07:03:20","modified_gmt":"2018-12-21T07:03:20","slug":"asx-200-weighed-down-by-banks","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/12\/21\/asx-200-weighed-down-by-banks\/","title":{"rendered":"ASX 200 weighed down by banks"},"content":{"rendered":"

The ASX 200 respected the new resistance level at 5650, confirming a primary down-trend. Target for the decline is 5000.<\/p>\n

\"ASX<\/p>\n

The ASX 300 Banks Index broke long-term support at 7000, warning of another decline. Trend Index peaks below zero indicate selling pressure. Expect retracement to test the new resistance level but respect is likely and would confirm a long-term target of 5000.<\/p>\n

\"ASX<\/p>\n

I have been cautious on Australian stocks, especially banks, for a while, and hold 40% cash in the Australian Growth<\/a> portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"

The ASX 200 respected the new resistance level at 5650, confirming a primary down-trend. Target for the decline is 5000. The ASX 300 Banks Index broke long-term support at 7000, warning of another decline. Trend Index peaks below zero indicate selling pressure. Expect retracement to test the new resistance level but respect is likely and … <\/p>\n

Continue reading “ASX 200 weighed down by banks”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,57],"tags":[251,260],"class_list":["post-17687","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-stock-markets","tag-asx-200","tag-asx-300-banks"],"yoast_head":"\nASX 200 weighed down by banks - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX 200 weighed down by banks - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The ASX 200 respected the new resistance level at 5650, confirming a primary down-trend. Target for the decline is 5000. The ASX 300 Banks Index broke long-term support at 7000, warning of another decline. Trend Index peaks below zero indicate selling pressure. 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Expect retracement to test the new resistance level but respect of 5750 is likely and would confirm a bear market. Target for a primary decline is 5000. ASX 300 Metals\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17539,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/12\/05\/asx-200-heads-for-a-bear-market\/","url_meta":{"origin":17687,"position":1},"title":"ASX 200 heads for a bear market","author":"Colin Twiggs","date":"December 5, 2018","format":false,"excerpt":"The ASX 200 dipped below primary support at 5650, signaling a primary down-trend. A Trend Index peak at the zero line warns of strong selling pressure. The market is still open, and a lot can happen by the close, but the prospect of a bear market is now close at\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17521,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/29\/asx-200-miners-tumble\/","url_meta":{"origin":17687,"position":2},"title":"ASX 200 miners tumble","author":"Colin Twiggs","date":"November 29, 2018","format":false,"excerpt":"ASX 300 Metals & Mining Index broke support at 3500, signaling a primary decline with a target of 3100. A bearish sign for the broad ASX 200 index. The ASX 300 Banks Index is consolidating above primary support at 7000. Recovery above 7450 would indicate another bear rally but the\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17411,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/banks-asx-200\/","url_meta":{"origin":17687,"position":3},"title":"Banks threaten ASX 200 fall","author":"Colin Twiggs","date":"November 16, 2018","format":false,"excerpt":"The ASX 300 Banks Index is testing primary support at 7000. Declining peaks on the Trend Index warn of selling pressure. Breach of 7000 would signal another primary decline with a long-term target of 5000. ASX 300 Metals & Mining Index continues to consolidate between 3500 and 4000. Breach of\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17663,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/12\/07\/asx-200-tests-primary-support\/","url_meta":{"origin":17687,"position":4},"title":"ASX 200 tests primary support","author":"Colin Twiggs","date":"December 7, 2018","format":false,"excerpt":"The ASX 200 continues to flirt with primary support at 5650. Money Flow is still comfortably above zero, indicating strong support. But breach of 5650 would signal a primary down-trend, offering a target of 5000. The two largest sectors are already in a primary down-trend. ASX 300 Metals & Mining\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17475,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/23\/asx-200-bullish-divergence\/","url_meta":{"origin":17687,"position":5},"title":"ASX 200 bullish divergence","author":"Colin Twiggs","date":"November 23, 2018","format":false,"excerpt":"The ASX 300 Banks Index respected primary support at 7000 but only recovery above 7450 would indicate another bear rally. Declining peaks on the Trend Index continue to warn of selling pressure. Breach of 7000 would signal a primary decline with a long-term target of 5000. 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